What is pancakeswap and how does it work Explore this popular defi hub on bsc from its core liquidity pools & cake token to diverse features. Pancakeswap is a decentralized exchange that allows users to trade cryptocurrencies directly from their wallets without intermediaries or custodians Pancakeswap operates through an automated market maker model instead of the traditional order book system Liquidity pools replace buyers and sellers, with each pool containing two tokens that form a trading pair. Discover what pancakeswap is—how it works, its key benefits, and why it’s the world’s first decentralized digital currency
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